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Courts approve deal over recalled pet food

Canadian courts have given final approval of a settlement of lawsuits filed against Menu Foods Income Fund (TSX: MEW.UN ) over recalled tainted pet food.

Thu., Nov. 27, 2008

Canadian courts have given final approval of a settlement of lawsuits filed against Menu Foods Income Fund (TSX: MEW.UN) over recalled tainted pet food.

The $24-million (U.S.) settlement agreement was approved by U.S. courts last month.

It will go toward resolving more than 100 class action lawsuits filed in U.S. and Canadian courts.

The plaintiffs allege that pet food tainted with melamine and sold under nearly 100 brand names sickened or lead to the deaths of their pets.

People covered under the settlement will be entitled to be reimbursed for expenses incurred as a result of the recall, such as veterinary bills.

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The claim administrator says the settlement money won't be used to provide compensation for "non-economic losses."

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